West Coast Financial LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

West Coast Financial LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3,032.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,685 shares of the e-commerce giant’s stock after purchasing an additional 49,067 shares during the quarter. Amazon.com accounts for approximately 1.2% of West Coast Financial LLC’s investment portfolio, making the stock its 22nd largest position. West Coast Financial LLC’s holdings in Amazon.com were worth $11,120,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Guardian Financial Partners LLC raised its holdings in Amazon.com by 14.3% during the 4th quarter. Guardian Financial Partners LLC now owns 3,102 shares of the e-commerce giant’s stock valued at $681,000 after buying an additional 387 shares during the period. IFS Advisors LLC grew its holdings in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Amazon.com by 14.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 78,781 shares of the e-commerce giant’s stock worth $17,284,000 after purchasing an additional 10,222 shares during the period. Mason & Associates Inc lifted its stake in Amazon.com by 7.5% in the fourth quarter. Mason & Associates Inc now owns 15,047 shares of the e-commerce giant’s stock worth $3,301,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Paragon Capital Management Ltd purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $333,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMZN shares. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Piper Sandler raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.46.

Amazon.com Price Performance

Amazon.com stock opened at $237.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company’s fifty day moving average price is $221.62 and its 200 day moving average price is $198.03. The stock has a market capitalization of $2.49 trillion, a P/E ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.